The Australian dollar led a correction in the dollar bloc currencies today, while most dollar pairings and cross rates saw relatively narrow ranges. Markets have been thinning out somewhat following the passing of month- and quarter-end yesterday, and into public holidays that will be seen in many Asian countries tomorrow, and in Australia, New Zealand, and Europe. EUR-USD settled in the lower 1.1700s, just above yesterday’s five-month low at 1.1703, and USD-JPY held a narrow range below yesterday’s one-year peak at 110.96.
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